A record label is responsible for marketing, distributing, and profiting from an artist's music and videos. They provide funding for video production and promotion in exchange for a percentage of profits. Major labels like Sony Music Entertainment have large budgets to widely promote videos, while independent labels have smaller budgets and niche audiences. Sony Music Entertainment owns artists like Michael Jackson and Justin Timberlake, using its budget to fund high production value videos that promote both the music and partner projects.